Farmers & Merchants Bancorp Q1 pretax profit beats on higher net interest margin

Farmers & Merchants Bancorp

22/04/2026 21:43

Overview

US community bank's preliminary Q1 pretax profit beat analyst expectations

Net income rose 37.8% yr/yr, with EPS at $0.70

Results driven by higher net interest margin and improved cost of liabilities

Outlook

Company expects continued earnings expansion, citing momentum from Q1 and strategic plan execution

Farmers & Merchants Bancorp sees strong loan demand with $60 mln in approved loans in pipeline

Company says new three-year strategic plan is focused on growth and profitability

Result Drivers

NET INTEREST MARGIN - Co said a 39-basis point expansion in net interest margin contributed to earnings growth

NONINTEREST INCOME - Strong levels of noninterest income supported profitability

EXPENSE MANAGEMENT - Improved efficiency ratio and disciplined expense management aided results

Company press release: ID:nGNX6qmfdZ

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.70
Q1 Net Income
$9.58 mln
Q1 Pretax Profit
Beat
$12.34 mln
$11.84 mln (3 Analysts)
Q1 Basic EPS
$0.70
Q1 Loan Loss Provision
$302,000


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for Farmers & Merchants Bancorp Inc is $29.00, about 8.1% above its April 21 closing price of $26.83

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)